Millions of Australians to move to higher tax bracket

WORKERS with rising incomes who are ultimately pushed into a higher tax bracket will contribute an extra $24 billion in total over the next four years.

The National Centre for Social and Economic Modelling told News Corp 1.8 million Australians would be pushed into a higher tax bracket because of a rise in wages, adding an extra $2.4 billion in income taxes this year.

Treasurer Joe Hockey said this research confirmed the need for a tax reform.